Werbrouck & Partners: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Werbrouck & Partners
Largest movements
- Receivables within one year +€32,935
up €32,935 (+33.0%), from €99,665 to €132,600
of which Trade receivables: +€33,985
- Tangible fixed assets -€10,478
down €10,478 (-2.2%), from €483,905 to €473,427
of which Land and buildings: -€9,297
- Cash -€8,447
down €8,447 (-35.7%), from €23,687 to €15,240
mainly Contributions, distributions and other (-€61,400) and Receivables within one year (-€32,935)
- Other debts +€27,645
new in 2025: €27,645
- Reserves -€22,957
down €22,957 (-10.3%), from €223,675 to €200,717
- Contributions +€18,600
new in 2025: €18,600
- Debts after one year -€15,637
down €15,637 (-4.3%), from €361,914 to €346,277
- Gross operating margin +€27,127
up €27,127 (+36.1%), from €75,235 to €102,361
- Taxes +€16,264
up €16,264 (+21,091%), from €77 to €16,341
- Depreciation -€5,228
down €5,228 (-33.3%), from €15,706 to €10,478
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €607,745 | €621,908 | +€14,163 | +2.3% |
| Fixed assets | 21/28 | €483,905 | €473,427 | -€10,478 | -2.2% |
| Tangible fixed assets | 22/27 | €483,905 | €473,427 | -€10,478 | -2.2% |
| Land and buildings | 22 | €479,873 | €470,577 | -€9,297 | -1.9% |
| Plant, machinery and equipment | 23 | €731 | €506 | -€225 | -30.8% |
| Furniture and vehicles | 24 | €3,301 | €2,345 | -€956 | -29.0% |
| Current assets | 29/58 | €123,840 | €148,481 | +€24,641 | +19.9% |
| Amounts receivable within one year | 40/41 | €99,665 | €132,600 | +€32,935 | +33.0% |
| Trade receivables | 40 | €58,615 | €92,600 | +€33,985 | +58.0% |
| Other amounts receivable | 41 | €41,050 | €40,000 | -€1,050 | -2.6% |
| Cash at bank and in hand | 54/58 | €23,687 | €15,240 | -€8,447 | -35.7% |
| Deferred charges and accrued income | 490/1 | €488 | €641 | +€153 | +31.4% |
| Total equity and liabilities | 10/49 | €607,745 | €621,908 | +€14,163 | +2.3% |
| Equity | 10/15 | €219,291 | €219,317 | +€26 | 0.0% |
| Contributions | 10/11 | - | €18,600 | +€18,600 | |
| Reserves | 13 | €223,675 | €200,717 | -€22,957 | -10.3% |
| Distributable reserves | 133 | €223,675 | €200,717 | -€22,957 | -10.3% |
| Profit (loss) carried forward | 14 | -€4,384 | - | +€4,384 | |
| Amounts payable | 17/49 | €388,454 | €402,591 | +€14,137 | +3.6% |
| Amounts payable after more than one year | 17 | €361,914 | €346,277 | -€15,637 | -4.3% |
| Financial debts | 170/4 | €361,914 | €346,277 | -€15,637 | -4.3% |
| Amounts payable within one year | 42/48 | €26,540 | €56,314 | +€29,774 | +112% |
| Current portion of amounts payable after more than one year | 42 | €15,129 | €15,637 | +€508 | +3.4% |
| Trade debts | 44 | €2,891 | €229 | -€2,663 | -92.1% |
| Suppliers | 440/4 | €2,891 | €229 | -€2,663 | -92.1% |
| Taxes, remuneration and social security | 45 | €8,519 | €12,803 | +€4,284 | +50.3% |
| Taxes | 450/3 | €8,519 | €12,803 | +€4,284 | +50.3% |
| Other amounts payable | 47/48 | - | €27,645 | +€27,645 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,706 | €10,478 | -€5,228 | -33.3% |
| Other operating charges | 640/8 | €859 | €1,639 | +€780 | +90.8% |
| Gross operating margin | 9900 | €75,235 | €102,361 | +€27,127 | +36.1% |
| Operating profit (loss) | 9901 | €58,670 | €90,245 | +€31,574 | +53.8% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €12,963 | €12,478 | -€485 | -3.7% |
| Recurring financial charges | 65 | €12,963 | €12,478 | -€485 | -3.7% |
| Profit (loss) for the period before taxes | 9903 | €45,709 | €77,767 | +€32,058 | +70.1% |
| Income taxes | 67/77 | €77 | €16,341 | +€16,264 | +21,091% |
| Profit (loss) for the period | 9904 | €45,632 | €61,426 | +€15,795 | +34.6% |
| Profit (loss) for the period to be appropriated | 9905 | €45,632 | €61,426 | +€15,795 | +34.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.